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20121006
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people -- in your campaign -- a balanced budget by 1983. biggerow had more and deficits in the 4 years you've been in office. mr. president, do you have a secret plan to balance the budget sometime in a second term, and if so, would you lay out that plan for us tonight? the president. >> i have a plan -- not a secret plan. as a matter of fact, it is the economic recovery program that we presented when i took office in 1981. it is true that earlier, working with some very prominent economists, i had come up, during the campaign, with an economic program that i thought could rectify the great problems confronting us -- the double-digit inflation, the high tax rates that i think were hurting the economy, the stagflation that we were undergoing. before even the election day, something that none of those economists had even predicted had happened, that the economy was so worsened that i was openly saying that what we had thought on the basis of our plan could have brought a balanced budget -- no, that was no longer possible. so, the plan that we have had and that we are following is a plan
economy that we're in today, and that is that these heavy deficits have killed exports and are swamping the nation with cheap imports. we are now $120 billion of imports, 3 million jobs lost, and farmers are having their worst year. that's another reason to get the deficit down. >> mr. mondale, is it possible that the vast majority of americans who appear to be prosperous have lost interest in the kinds of programs you're discussing to help those less privileged than they are? >> i think the american people want to make certain that that dollar is wisely spent. i think they stand for civil rights. i know they're all for education in science and training, which i strongly support. they want these young people to have a chance to get jobs and the rest. i think the business community wants to get involved. i think they're asking for new and creative ways to try to reach it with everyone involved. i think that's part of it. i think also that the american people want a balanced program that gives us long-term growth so that they're not having to take money that's desperate to themselves and
? >> i would have to just say what the president said four years ago, if he could not cut the deficit in half, he does not deserve to run again. i don't have anything against him, but a lot of people called up and said the narrator ann romney grandstanded. i don't think he has the passion he does because he is under a lot of pressure. he has painted himself into a corner. >> this is from joshua, texas, on the independent line. >> i was watching the debate tonight and just looking at the body language on these guys. they keep avoiding the real issues. >> such as? >> they keep talking about the middle class, but their definition of the middle classes people that make over $40,000, for the most part. what about the people who make $20,000 or less? a lot of people don't make that much money. >> beat you learn anything tonight? >> no sir >> eric is saying she was not moved at all by this debate. this is steve joins us on our democrats line. >> i watched the debate for a second time tonight, and the first time i thought romney had him back on his heels of a lot. the second time through, i r
of this is possible. we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. centerr romney's economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. to try and dollars in additional military spending. -- $two trillion in additional military spending. without dumping the cost on the middle class americans. that is one of the central questions of this campaign. >> you have spoken about a lot of different things. governor romney, do you have a question you would like to ask the question directly about something he just said? >> i do not have a $-- tax cuts bill you're talking about. we have to provide tax relief to people in the middle class. our not reduce the share of taxes paid by high income people. they are doing fine in the economy. the people who are having a ha time are middle income americans. under the president's policies, they have been buried. middle income americans have seen their income decreased by $4,300. this is a t
deficit spending. so this idea, look, overseas, which where i come from means lake superior. we both live near canada, right? the canadians have this figured out. the canadians lowered their taxes to 15%. president obama wants to tax our successful small businesses to go above 40%? when we tax our job creators at much higher tax rates than our foreign competitors tax theirs, they win, we lose. we have to get right with the idea that our jobs come from successful small businesses. we don't want to tax them more, we don't want to regulate them more, we want them to hire more. that is essential. [applause] and none of this is going to work. no business is going to be confident to take that risk to hire people, to advance people, to give people promotions and raises and job security if they see their government borrowing and spending like it is. we can't keep borrowing 36 cents of every dollar our government spends. we can't keep the federal reserve doing what it's doing. we cannot keep looking our children in the eyes knowing that we're going to give them a diminished future because we are s
as we wind down two wars to rebuild america, and that we reduce our deficit in a way that makes us ablet -- that makes it able for us to create critical investments. it is up to you. are we going to go from the top down, which is what got us into this mess, or do we embrace the new economic patriotism that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney. >> thank you, jim. i appreciate the chance to be with the president. appreciate the university of denver and their welcome. congratulations to you, mr. president, on your anniversary. i am sure this is the most dramatic place you could imagine, here with me. so congratulations. [laughter] this is a tender topic. i have had the occasion over the last several years meeting people across the country. i was in ohio and a woman grabbed my arm, and she said, i have been out of work since may. can you help me? yesterday was a rally in denver. a woman came up to my wife with a baby in her arms and said, my husband has had four part-time jobs in three years. we have just lost o
surveillance, we assessed on the basis of the numbers that were given to us, as well as the forecast of deficit consolidation expected. we did say at the time that the timing seemed too short to us. and you would say that this is being heard? >> yes. >> i guess this is sort of a follow-up question from the previous. >> i see the you are taking notes. >> yes. you mentioned in your remarks that there should be less focused on target, rather more on implemented will measures. -- implementable measures. you said there was a specific target for march that was looming large in that debate. you did mention that, the role of that analysis. but this the emphasis of the target -- deemphasizing of the target, should that be interpreted as the next being less relevant for the continuing fund intervention? if so, does that mean that the long-term target is going to be achieved by the direct restructuring of the junior officials said to participate? and that this can be achieved in a state that may be more politically opportune? such that it does not have to basically be settled by later this month or in oct
's budget you are going to have a trillion dollars deficit. he said, i have not done anything yet. [laughter] he said, no mr. president, the budget they passed guarantees no matter what you do, you will have a trillion dollar debt this year in the budget. a trillion dollar deficit, to be precise. these guys talk about the national debt. what date did generated the -- what they did generate -- generated the jobs since world war ii. it gave us this great recession. what they have not told us is what they are willing to do about it. we laid out a $4 trillion debt reduction plan over next 10 years. we have already passed $1 trillion of it. these guys voted against everything. not only did they say they did not like our plan -- what is your plan? you go out there and you look at the setup. an impressive bipartisan commission. simpson-bowles. everyone of those plans, they rejected. paul ryan even voted against the simpson-bowles plan as a member of the commission. he would not vote to let it get to the united states congress. why? it's important you know why. because they will not voted for a sing
paying e bill. and so i have a different approach. i believe 9 way to get the deficit down is to control the growth of mandatory spending programs and not raise taxes on the american people. you got a big difference there. >> mr. perot, one minute. >> we got to have a expanding job base to give is a growing expanded tax base. we have a deteriorating job base. we have got to really rebuild our job base. th's going to take mone for infrastur to do that. our competitors are doing that. we are not. we cannot pay off the $4 trillion debt, ance the debt and have the industries of the future, without the revenue. we will go through a period of shared sacrifice. there is one challenge. it has got to be fair. we have created a mess and don't have much to show for it and got to fix it. that's aboutall i casay in a minute. ay. the next question goes to president bush for a two-minute answer and it will be asked by sandy vanocur. >> mr. president, your secretary of the army this week said he had no plans to abide by a congressional mandate to cut u.s. forces in europe from 150 to $100,000 by the end
fought our way out of these deficits and the last 12 years when we have gone from 4 trillion dollars in debt to 16 trillion dollars today? >> i am glad you mentioned that number. it is going to cause a huge problem. if you have cancer you do not wait until it is over your whole body. get all of these things, really explain the problem, and hopefully we will get people to deal intelligently with the problem. your wife he ran on fiscal responsibility in washington, declining trust in government, in addition to nafta. the truth is we are much worse on all of those issues today than we were in 1992. gooif you look back at 1992, in part because of the world ross , they did several things. impose budget controls and taxes when they thought they were responsible. they did the right thing for the country. president bush 43 -- his term is over. whoever the next president is needs to change course, because if we do not, the problems of europe could have here. >> we are going to talk about some of these issues of 9-11 and the war and the health -- in the tax cuts of 1998, but let me take you ba
with a clear, credible, concrete, and enforceable plan to deal with the structural deficit lying ahead. you need to do both. that is the only thing that makes any sense. it is the only thing that m akes sense from the standpoint of politics. >> you spoke in 1992 about the campaign, your plan sounded then a lot like some of these bowls simpson's balanced-type plants that are coming out now. you did some of everything. you did not leave out sacred cows. the one that higher taxes, higher gasoline taxes, you wanted the wealthy to pay more weather in higher taxes or not taking entitlements. do you find that willingness to day on the part of candidates to hit all the sacred cows? >> i do not see anybody doing it, do you? if somebody is doing it, i am missing it. i thought they would hope this go away and they could run on all these things when you are talking on the television. >> would it take candidate saying you'd need to do all those things, not just going after entitlements cut domestic spending, defense, but also to raise taxes? you need to do all those things, do you feel? >> we need to do
into record deficits under george bush is because we put two wars and two tax cuts on a credit card. and now governor romney wants another $5 trillion in tax cuts that he can't pay for? not if i have anything to say about it. that's not going to happen. [applause] we are not going to let this country fall backward. not now. not with so much at stake. we've got to move forward. we need to invest in small business and manufacturers who create jobs here in the united states. we need to recruit 100,000 math and science teachers, train two million workers at community college, bring down the cost of college tuition. we need to -- [cheers and applause] we need to cut our oil imports in half. create thousands more jobs in clean energy. we need to use the savings from ending the wars in iraq and afghanistan to help pay down our deficit and put people back to work doing some nation building right here at home. that's the agenda we need. that's how you strengthen the middle class. that's how you keep moving forward. that's the choice in this election. and that's why i'm running for a second term. that
an impact on solving the deficit and our debt picture in the 1990's? things improved >> i do not want to take credit for it, but i am pleased there is a breathing period where we are going in the right direction. now we have heard it around and it is going through the roof and is inexcusable. what is interesting is that hardly ever gets discussed, and in the papers, on the media, you would think this is front- page news. it is not. >> absolutely no question that his candidacy caused president clinton to make fiscal responsibility and much higher priority. no question. clinton will tell you that. people in his administration will tell you that. he made the difference even though he did not win. the polls will also tell you in july he was leading. in addition, the exit polls will tell you that the people who voted, if they thought they could have won, they would have voted for him and he would have won. much worse today than we were then, and people know it. >> do you think we're much worse today because he was not elected? >> we have lost our way. >> that is history. we're on the edge
these deficits. [laughter] and yet, that's the most important single issue of our time. i did support the '76 measure that he told about, because we were in a deep recession and we needed some stimulation. but i will say as a democrat, i was a real piker, mr. president. in 1979 we ran a $29 billion deficit all year. this administration seems to run that every morning. and the result is exactly what we see. this economy is starting to run downhill. housing is off. last report on new purchases, it's the lowest since 1982. growth is a little over 3% now. many people are predicting a recession. and the flow of imports into this country is swamping the american people. we've got to deal with this problem, and those of us who want to be your president should tell you now what we're going to do, so you can make a judgment. >> thank you very much. we must stop now. i want to give you time for your closing statements. it's indeed time for that from each of you. we will begin with president reagan. oh, i'm sorry, mr. reagan, you had your rebuttal, and i just cut you off because our time is going. you h
be here doing the major things. people want jobs and have to reduce the deficit and avoid the fiscal cliff. this has been the most unproductive session in congress in all the years and decades that i have been a member. we have veterans benefits that will not be increased unless congress acts, we have people waiting for the government to do its job and it is disgraceful that we went home without doing the things that need to be done. we left for the election campaign at the earliest time in memory. the could have stayed here longer and we would call the republicans to bring this back so we can to the nation's business. the republicans have been extremely anti-environmental, hostile to a lot of the women's legislation, they have harmed the middle-class, poll last year and a half has been simply postures and get all the work that is to be done is not addressing these issues. congress should come back in session. we should be working, not taking this time off. i want to call my colleague chris van hollen. >> thank you, henry. there's a will to get things done. we just had the whistle blower p
the deficit. one is to raise taxes. no. two is to cut spending. number three is to grow the economy. if more people work, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. the problem is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. what would i come from spending? i would eliminate all programs by this test if they do not pass it. is is so critical it is worth borrowing money from china to pay for? if not, i would cut it. obamacare is on my list. i use that term with all respect. >> i love it. >> i will stop subsidies to pbs. i will not keep spending money on things to borrow money to pay for it. i will take programs that are currently good programs, but if you run more efficiently at the state level. number three, i will make government more efficient and cut back the number of employees. i will combine some agencies and departments. cutbacks will be done through attrition. this is the approach we need to take to balance the budget. th
driver of our deficit. my grandmother helped to raise me. my grandfather died a while back. my grandmother died three days before i was elected president. she was independent. she worked her way up. she only had a high school allocation. -- education. she ended up being the vice- president of a local bank. she ended up living along by choice. -- living alone by choice. the reasonshe could be independent because of social security and medicare. she worked all of her life, and understood there was basic floor under which she could not go. the name "entitlements" implies some sense of dependency on the part of these people. these are people who have worked hard. like my grandmother and there are millions of people out there who are counting on us. my approach is to say how do we strengthen the system of the long term? in medicare, what we did was we said we are going to have to bring down the costs if we are going to deal with our long-term deficits. to do that, let's look at where some of the money is going. $716 billion we were able to save by no longer overpaying insurance comp
trillion national debt we have runaway deficits each and every year. we need to have the people down there and focus in a bipartisan matter. we do not need blood and teeth in the streets. we need people will find solutions. >> in this state, the legacy of senator kennedy is well known. part of that legacy is being able to compromise and work with republicans. can you name republicans in the senate that you are able to work with on big issues that the country faces? >> probably richard would be one that comes to mind. >> not going to be there. >> that is a problem. >> let me ask the question. are there any republicans that will be in the senate that you fill you can work with substantively and compromise with? >> it depends on what the subject matter is. let me give you an example. on the question of fannie and freddie -- fannie mae and freddie mac. the republicans have said across the spectrum that we need to revise fannie and freddie. i think there are wrong. at the that is an issue i think i could work with virtually every republican in the united states senate because it is an imp
. they are baked and harping on the debt and deficits -- they are big on harping on the debt and deficits. instead acknowledging the two wars we have not paid for, medicare part d, and that we have to come up with a way to pay for those, they switched and talking about entitlements. that bait and switch is fresh ready to me. we're still at war. i like to hear about a plan to pay. host: we appreciate your call. guest: i'm not sure the people you're describing are most members of the republican party today by what one would call conservative. conservatives had a stake in truth, the enlightenment, rational thought. the current party has waged a war in science. climate denial is horrifying. you cited former vice president dick cheney that deficits do not matter. karl rove said it that we create our own realities. a romney pollsters said we will not be restricted by fact checkers. the problem is the policy oriented. the party has been captured by people like grover norquist who is a ferocious anti-tax ideologue who has forced many members of the house and senate to abide by his pledge of no tax increas
about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestration of defense, is not an excuse to do and what the law says. >>
informed, mr. president, looking at this year's budget you are going to have a trillion dollars deficit. he said, "i haven't done anything yet." [laughter] he said, no, mr. president, the budget they passed in october of last year guarantees that no matter what you do, you will have a trillion dollar deficit this year in the budget. ladies and gentlemen, these guys talk about the national debt. what date did generated the slowest growth in private-sector jobs since world war ii. it gave us this great recession. what they have not told us is that they have been unwilling to do anything about it. here's the deal, folks. we laid out a $4 trillion debt reduction plan over the next 10 years. we have already passed $1 trillion of it. ladies and gentlemen, these guys vote against everything. no, no, no. i really mean it. not only do they say they don't like our plan, so you say, what's your plan? you go out there and you look at the setup. an impressive bipartisan commission. simpson-bowles. domenichi's. every one of those plans they voted against. paul ryan even voted against the simpson-bowles p
that deficit financing is the easiest thing to do. it seems free to people. unless we hold congress to budget constraints, and until the american people told congress to budget constraints that are necessary, we will not make progress. the idea, i guess, i know there's a high probability that a can will get kicked again, but i think we have to put pressure on this notion that if politicians really care about being fiscally responsible, they have to actually follow through on their claims that is what they want to do. >> donald, what do you think? you think that congress can do this through a well-organized process, or does this have to happen in a grand bargain that happens relatively quickly? >> it is fun to talk grand bargain. i have been with many of those conversations. it is fun to gather people around the table and give them pizza and coffee and hammer out the grand fiscal bargain. there are several of them out there in various levels of detail. but it remains difficult for me to believe that congress is ready to get there yet, or frankly, that the american people are ready to get there
, and their greatest threat to america is not military, it is the deficit. why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 pages, and grows ev
. at the debate last night, the bank act it obama on the $5 trillion deficit -- they fact- checked obama on the $5 trillion deficit, which was truly the romney mendacity -- on romney's front, i forget what they were fact checking but it was much more serious. you need a voices inside and outside the democratic party, citizens of conscience, to call out when they hear the media not getting to the bottom of the issue. our media, let's be honest, has treated the campaign as a horse race. look at the debate. as i mentioned earlier, it was treated more like a theater performance than actually grappling with the substance. president obama, if you look of the coverage, i'm sure 92% of it had more to do without disengage he was then the actual substance -- with how to disengage he was then the actual substance. that is not helping for a country that prides itself on being a democracy with engaged and knowledgeable citizens. host: we are almost out of time. i will try to get two students in. guest: i will be brief. host: bolivia is a political science major. >> my question has to do with the rhetoric invol
not quite recognized the deficit we have. as for the state level, a lot has happened. we work at the state level. we attempt to put together coalitions that recognize the importance of educating kids from conception to kindergarten. we are finding more business people who get the reality. they are understanding the situation and are increasingly ready to take action. in the area lisa pointed to, educating early solves educational problems. we published a report last march. it is on the website. it is a way to reduce special education costs. we know quality pre-kindergarten provided to 100 kids yields in reduction in special education costs alone enough to pay for the services. at the state level, there is an understanding that takes place that people can act on. it can better be done on the school district level. the power of technology is enabling people at local levels to act in ways they cannot at the federal level. as they act at the local and state level, it becomes clear that the federal level what needs to be done. the beginnings of this process are sufficiently still knew that it w
our country. >> ross perot, on the economy, the deficit and debt. and how it has changed since he ran for president. see the article on usatoday.com. ross perot, monday night on c- span. >> when nations cheat in trade, i will finally do something the president has not been willing to do and label him a currency manipulator. >> obama and romney meet in their first debate. watch and engage with c-span with a live debate preview, followed by two ways to watch the debate. both candidates on screen, and on c-span 2, the multi-camera version. follow our live coverage on c- span, c-span radio, and online at c-span.org. >> egypt's new president, muhammed morsi delivered his first speech at the general assembly. he is the first democratically elected leader following the arab spring. he called on the international community to support palestine like they've supported other countries. this is about 45 minutes.
in the history of the united states. what are you going to do? you have a two letter $60 billion deficit. you will not slow the spending. you refuse to do that. >> as we get closer to this year's first presidential debate, we're taking a look at some debate from our archives starting with president reagan at 7:00 p.m. eastern. later, it is the 1992 debate between president bush, bill clinton, and ross perot. and then it is our core and george w. bush. they're all tonight here on c- span. >> every generation through our history has worked and sacrificed to meet a better country to their children and grandchildren and future generations. we read then spending the money. we are now much more spending their money. we are leaving them a mess. it will be very difficult to deal with. if we are that week, and just think of who want to come here first and take us over. the last thing i want to see is our country taken over because we're so financially weak we cannot do anything. we're moving in that direction. we are on the edge of the cliff. we have to start fixing it now. otherwise, we are leaving a
stuff that will make him unpopular. the reason i say that is that we face this debt and deficit situation that is simply unsustainable and frankly, next year is the big window we have. right after the election, the first-year, either romney's first year or obama, who will never run for reelection again, so people will not have to worry about it. this will be the window to cut the budget in some significant way, or at least have an outline for cutting the budget, and reform the tax system in some kind of significant way. the question is, will it be the big picture reforms we need or will it be a 12-month solution? but they will have to do something that will hurt. i hate to say that. >> hurt everybody? >> yes. the only reason i would hesitate is that probably at the bottom of the income scale, he'd make sure they are not hurt. >> what would you say to someone watching the elections and listening to the candidates, and they all promise that if you elect me, everything will be fine? it happened four years ago. >> it happened eight years ago, 12 years ago, 14 years ago. everybody is
the deficit. one thing we will discuss tonight is how to deal with the tax code and how to make sure we are reducing spending in a responsible way and how to have enough revenue to make those investments. this is where there is a difference because gov. romney's central plan calls for a five trillion dollar tax cut on top of the bush and -- the bush tax cuts which is another 15 trillion dollars. how we pay for that, reduce the deficit and make the investments we need to make without dumping the costs on to middle class americans is one of the central questions of the campaign. host: from our facebook page, here are some of the comments we have been the scene. -- we have been seeing. those are just some of the comments again. now, we certainly have a lot of tweets here that we want to read as well. doug says -- the new york times editorial this morning -- greg on the independent line. thank you for holding. what did you think of the debate? caller: thank you once again for having me on. i seem to be lucky to get on when you are on. i am a 33-year watcher of c- span. i thought without que
of initiatives to educate voters on issues in the election. the debt and deficit exceed $16 trillion. his article will appear tomorrow in usa today. we will show you an excerpt in just a moment. first some context to ross perot. when he ran as a third-party, he talked about the growing debt. \ [video clip] >> the world of a unlamented opportunity. what what they say to us if they knew by the year 2000 we will have left them with a national debt of $8 trillion? what would they say if they knew we make them the first generation of americans with a standard of living below the generation below them? we cannot do this to our children. in this election we have the opportunity to choose a candidate not a career politician, but a proven business leader with the ability to take on the tasks at hand. to balance the budget, to expand the tax base, to give our children back the american dream. the candidate is ross perot. the issue is our children. the choice is yours. host: from 1992 when he ran his first of two independent bids for the white house, falling short in 1992 and 1996. one viewer says we need t
on the short term. he would have also focused on the structural. our problem isot the correct deficits and debt. although they are shockingly high. the problem is what is not on the balance sheet. as a businessman, he understands that is the real problem. you have to solve that problem as well. in addition, ross perot has an incredible ability to communicate and no hesitancy to go directly to the american people. that is what we need from our president. who ever our president is. we have to rally the public of around the fact that we have no choice but to make these tough races. we are going to solve this problem. are we going to solve it prudently and preemptively or for the market forces us to or will we wait for the market to force us which will be a global depression, drop tax increases. is that what we are going to do? it is all about leadership. >> the risk of some asian taking us over -- some nation -- the risk of some nations taking us over should be in people's minds here >> you are an equal opportunity critic of both parties. you -- are you aligning yourself one way or another or supp
on monday. he is interviewed by richard wolf on the economy, the deficit, and debt and how it has changed since he ran for president in 1992. that is monday night on c-span and c-span radio at 9:00 p.m. eastern. find the article in usa today on monday at usatoday.com. >> ahead of next week's first presidential debate, at the center for american progress looked at both your demographics and how they affect campaign strategy. the report also talks about perceptions of the economy, medicare, and hispanic voters. this is 1.5 hours. >> good afternoon. i am buys president for american values and new communities. i want to thank you for the revisited.p i want to wish you a happy book your registration day. i am sure everyone is registered to vote. this is the list of by two great teams. two weeks before the election, i know that may seem like a very short time. in politics it is a lifetime. we were interesting digging into what is happening in this space. what trends are occurring? how do people feel about the economy? you are the people who show up to the polls in november? we want to have a di
that. the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay attention to them. we are out of time. thank you all for your attention. thank you for your questions. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> monday, a citizen's guide to the 2012 presidential debate from the national communications association panel looking at the hours of the debates coming up next month. live coverage begins at 1:00 p.m. eastern on c-span. >> you established a third party. you ran twice. you established -- what was the name of it? united we stand? the reform party. do you feel
of circumstances, and we haven't been found wanting. we have taken the difficult decisions to reduce the deficit by a quarter and have laid the foundations for a stronger, more balanced economy capable of delivering real and lasting growth. but conference, our task is far from complete, our party's journey far from over. i know that there are some in the party -- some in this hall even -- who, faced with several more years of spending restraint, would rather turn back than press on. break our deal with the conservatives, give up on the coalition, and present ourselves to the electorate in 2015 as a party unchanged. it's an alluring prospect in some ways. gone would be the difficult choices, the hard decisions, the necessary compromises. and gone too would be the vitriol and abuse, from right and left, as we work every day to keep this government anchored in the centre ground. but conference, i tell you this. the choice between the party we were, and the party we are becoming, is a false one. the past is gone and it isn't coming back. if voters want a party of opposition -- a "stop the world i wa
perot interviewed on the economy, the deficit, and debt, and how it has changed since he ran for president in 1992 and 1996. find the article in today's edition of usa today. ross perot tonight at c-span - at 9:00 eastern on c-span. >> we underestimate how much we forget. particularly if we have a fragmentary idea, a fleeting sense of something interesting that then disappears. one of the things i try to do is not just to write everything down but to keep everything together. don't overorganize your notes. don't put them in folders and things like that, because you want to allow collisions to happen between your ideas. the important thing is to go back can be read all your notes, from six years ago and revisit that passed self and all the ideas he or she had. that is what it was like for most of the great minds of the enlightenment. they would put together passages from the books they read that they were inspired by and they would write their own notes and then they would go back and read this book that was a kind of clipping of all these other ideas and their intellectual se
that there is no or arithmetic in it. [laughter] they think that somehow you can lower our deficits by spending another $5 trillion on a new tax breaks for the wealthy. but no matter how many times and they try to recruit their campaign and explain it, they cannot. they can't explain how you spend $5 trillion on tax cuts for the wealthy without raising taxes on middle-class families. how do you spend it $2 trillion on a new military spending that our military has not asked for and cut our deficits? you cannot do it. the math does not add up. >> president obama at his last campaign stop before tonight's debate. now, mitt romney speaking to reporters on monday. >> now, you know that you are going to get visitors this week. we are going to have a debate. there's a lot of interest surrounding the debate. people want to know who is going to win, who is going to score the punches and who is going to make the biggest difference in the arguments they make, and there is going to be all this scoring of winning and losing. in my view, it is not so much winning and losing or even the people themselves. it is about so
idea, realize we're going to have to contribute to solve our economic crisis, to solve our deficits, but you will not either candidate ask their base to make sacrifices. >> basically, we may hear rder, ing about the board per u.s.-mexico border, but i am certain we will not hear that is more ed than a billion dollars a day in a legitimate trade and how that helps our economy. >> i think you are going to hear a lot about the middle class. you will not hear anything substantive when it comes to folks who are poor in the lower class, and anybody who uses those words i will be absolutely stunned. hopefully jim lehrer will ask that. >> i covered the trade on martin -- trayvon martin rally in d.c.. i have not heard anybody talk about it. they seem to be the crux of the issue to buy the election. when are you doing to fight about this? >> hal are you dealing with groups like alec that folkestone not know about, who are driving legislation because it is not just alec? >> i dropped doing business with companies, and i am encouraging our members to do to the sink with businesses with which th
to go back on the economy. you say you support a comprehensive solution to the deficit that includes revenues and cuts in spending. can you name one program you've eliminated while you've been in congress? >> yes the s 22. i voted this is something the pentagon did not want but there were those advocating for it. i voted against the s22 which was cut by the way. i voted on a different alternative fighter engine that was not necessary as well and that was cut. and those are examples of programs that were cut. but whey don't want to do is what my opponent says he embraces the ryan budget. what does the ryan budget do? it ends medicare, makes it a voucher. dramatically cuts assisttons education in our country. as someone who grew up poor, the first of my family to go to college, i want pell grants to be out there and keeping student interest loan low so every child can achieve an education. it is important to do this tpwh a balance way for middle class interest. >> when i'm there we're going to have a budget that i will work on and advocate for and compromise along the way without sacri
, of course, to the candidates, would be, what is your specific plan to reduce the deficit -- excuse me, to reduce the debt and, minimally, to have a balanced budget plan for every single year in the congress? >> thank you so much. let's introduce you to the gentleman who is watching all of this go on at his school with grace -- pride. the chancellor of university of denver. 11 schools competed. why was your school one of them? >> it is difficult to say. when we first thought about sending a proposal into the commission on presidential debates, we -- are thinking was, we thought we might have a chance because colorado is a pivotal state in this election and because there have been so few of these debates west of st. louis, only one before. it was really airtime. we are a terrific school, have wonderful facilities for this kind of thing. we went into it thinking we might have a shot. >> were you surprised you were selected? >> well, we were happy we were selected. the entire process is something that builds over a period of months. the proposal itself, there is a lot of conversation, a t
is between a group of people or families whose circumstances are paid for but deficits that are burdens on all other families and future children buried -- future children. convince it is not actually an economic problem all but it is deeper structure is that it is a civil rights problem. it is wrong. probably constitutionally, to greet a deficit structure which results in a tax necessity which reached out and grab the labor of future children without representation. that is a form of fiscal slavery to read you have reached out and grab their labor to spend it now. who are the but to the advantage? obviously everyone who are -- who benefits from government services and does not so to speak paid their fair share. it might be said there states the receive more than their fair share of government benefits. so there is a benefit by geography. there is one by sector of the economy. he might be -- you might be -- age and income are frequently referred to. they represent degette. that is why it is so difficult for us to close it -- they represent the gap. that is why it is difficult for us to
senator when the nation had a recession, another large deficit. we got the job done. i am a candidate because washington is a mess. both parties have made commitments that we cannot keep, and nobody wants to do anything about it. i promise to go to washington to change our congress, and i promise to work with republicans to get our budget balanced so we can set a different course. my opponent promises more of the same. she signed a pledge at that will be very bad for nebraska. i promise bipartisan solutions, and i promise to get the job done. >> thank you. the coin toss determined which candidate will be the first to answer question. it goes to senator kerrey. >> what would you say to people who are unemployed and have given up looking for work altogether? >> we have work to do. washington has not been able to get the job done. we got to have fundamental change in congress. i am advocating a 45-word change in the constitution to have the congress force term limits of 12 years, give the congress permission to ban all outside money and limit what they can spend in campaigns. money is co
with former presidential candidate ross perot. he talks about the status of the economy, the deficit and debt, and how it has changed since his campaigns in 1992 and 1996. here's a portion of that interview. >> you established a third party. he ran twice. you established -- what was it? united we stand and then the reform party. do you think there is something wrong with the two-party system that has gotten, as we have seen, more acrimonious? >> it is almost impossible to do it. it would be a healthy thing if you could get it done and make it happen. they know they are going to be butchered from day one for what they have done. >> "usa today's" richard wolfe talks with ross perot. and to confine his article on monday in "usa today." >> my opponent and his running mate are big believers in top down economics. they basically think that if we spend another $5 trillion on tax cuts that favor the very wealthy -- [audience boos] don't boo. vote. vote. vote. >> he has one new idea. he has one thing he did not do in his first four years, which he says he will do in his next four years, which is raise
is liberal to cut spending? i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and
the deficit by ending the war and nev -- war in afghanistan and using the money saved to bring down the deficit. the simple term for that is that we will no longer be spending money for that war. we will no longer be taking money pile up in one place and moving it to another. the use of language is very bad on this. it even was last night, when he spoke not from a prepared plan, but just from talking points. i found that when romney would offer something specific, except for a few points that barack obama had repeatedly used in speeches about where he was saving money or will the health benefits were coming from, he would not back up his statements with hard information. i found that in the speech he was making today. >> a tweet from marji. donald on our independent line. is that clarksville, tennessee? maryland? >> virginia. ok, first of all let me go back to what the man said a few minutes ago. common sense would tell you that if you are spending money where it is not needed, then that money could be used to spend on other programs, and the money that you are not spending on those
of the matter is i have been working to bring down the deficit for years. it is very important we do it for the very reason that was stated about national security. let's examine the facts. my number one, too, and three priorities are creating jobs in the state of nevada. we help small businesses, make nevada the energy jobs capital of the united states, we create good paying jobs right here in the state of nevada, help our tourism industry create good paying jobs. my opponent does not do anything for middle income families. he does nothing to get people back to work. i am fighting day and night to make sure we get good paying jobs, that we keep people in their homes, that we protect medicare and social security. my opponent is voting for budget after budget that takes away and balances our budget on the backs of our senior citizens and our veterans. >> thank you. our next question is directed at senator heller. >> into 2011, you voted twice, once as a congressman and once at a senator, for a plan that would change the medicare program. could you explain your plan for medicare for th
including middle-class tax cuts, responsible deficit reduction, the violence against women act, veteran benefits and protecting medicare. mr. lewis: reserving the right to object. the speaker pro tempore: recognition of members is within the discretion of the chair. the chair is limiting the debate to matters before the house and such request is not in order at this time. parliamentary inquiry. state your inquiry. mr. waxman: during pro forma session, can the chair entertain legislative business, because i have further parliamentary inquiry? if we can take up legislation to create jobs and avoid the fiscal cliff, since we're taking up other items, i would like to know whether we could do business in the house of representatives to address the priorities in this nation. people want jobs. people want the -- the speaker pro tempore: does the gentleman have a specific parliamentary inquiry? mr. waxman: my specific request is whether during a pro forma session can the chair entertain legislative business? the speaker pro tempore: the gentleman's asking a question matter scheduling and not re
. >> representative baldwin? >> thank you. let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. i'd get rid of corporate welfare for big corporate farms and big oil. i'd also let the bush tax cuts for the top % expire. i also want to look at the record contrast. i already told you about the policies that tommy thompson supported that added over $3.5 trillion to the debt when president bush was in office. i opposed those irresponsible plans that added to our debt. so now in the future, tommy thompson supports a plan that adds trillions more in tax cuts for the very wealthy and raises taxes on the middle class. that's the wrong scription for tackling our -- prescription for tackling our debt. >> our next question, from robert
is increase the size of the deficit. >> thanks. we do need to simplify the tax code. it is 72,000 pages long, and there is by patterson support to do that. -- bipartisan support to do that. we need to lower the corporate tax rate. we are at 35%, the highest among our trading partners. i is suggested over a year ago to lower it to 24%. we need to repeal the death tax. here in nebraska we have done that. we need to see that happen at the federal level as well. we need to repeal the alternative minimum tax. that is a tax that was set up to capture income from wealthier individuals, a parallel tax. instead we see that it is dipping down into the middle- class. now one in five people in the middle-class are paying that tax. yes, we need to close loopholes, and i can tell you just in my visits with senators that there is a consensus to move forward in a bipartisan manner to do that. >> senator? >> i agree with us. we passed i.r.s. reform that gave the agency a tremendous amount of power in dealing with the i.r.s. senator fisher has created a glass slipper with a constitutional amendment and a pled
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